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US wheat futures rose on October 27 following corn gains, supported by strong overseas demand and high European wheat prices. CBOT December wheat settled at $7.59-3/4 a bushel, KC HRW at $7.82-3/4 and MGEX spring wheat at $10.21-1/2.
Egypt's GASC bought 360,000 tonnes in an international tender.
Egyptian purchases and firm export demand support US wheat prices, which increases feed wheat costs for buyers.
brecorder.comReutersOct 27, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Strong overseas demand, high European prices and an Egyptian tender supported wheat futures in the days before the window ended.
